Talking to My Daughter About the Economy

I’ve had Yanis Varoufakis’s book Talking to My Daughter About the Economy on my shelf waiting to review in a blog post, but then Ryan B. produces this excellent review – which I am thus reblogging. It’s a good read (the book and the review).

Ryan's Book Notes

Talking to My Daughter About the EconomyTalking to My Daughter About the Economy: A Brief History of Capitalism by Yanis Varoufakis is a short book that describes the economy in simple terms using personal stories and classical literature and myths.

To begin with, let’s start with a quote from the book, which I think might capture the overall message nicely:

“The worst slavery is that of heavily indoctrinated happy morons who adore their chains and cannot wait to thank their masters for the joy of their subservience.”

This heavy indoctrination comes in the form of economics (theology with equations) that justifies the substitution of experiential value (relationships, nature, knowledge, character, happiness) with exchange value (profit is everything), while refusing to critically examine whether or not this is a worthwhile arrangement to begin with.

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